Joshua 1:9 Have I not commanded you? Be strong and courageous. Do not be afraid; do not be discouraged, for the LORD your God will be with you whereve
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I've watched Gasparino for years. He doesn't seem to have a great deal of knowledge about any subject he's speaking about.
He's just a BS artist.
He wrote this article because he hates Trump and the GSE's
Don't forget Obama used unappropriated $ to pay Obamacare insurer reimbursements - likely taken Obama's politically driven sweep of all Fannie & Freddie income. @RealDonaldTrump @VP @PressSec should release all docs showing use of unallocated GSE funds for unappropriated purposes
— joshua rosner (@JoshRosner) February 15, 2019
I thought about that more after I had sent the post. I think you're right.
That's very possible. Good point.
What's wishful thinking? Do you think Otting lied? Made the whole thing up?.... Otting just said too much too soon, was his only mistake.
What did you expect Calabria to do? Come out and back up everything Otting said? It would have been crash and burn.
He said all the right things to clear the hurdles.
There is a plan.
Have patients.
Otting was not lying. On the contrary, he was too truthful. He let the cat out of the bag too soon. Loose lips.
Calabria was not lying. He was told of the plan and told to forget about all conversations and remove himself until confirmed.
He did that and said all the things he needed to say to get confirmed.
Looks like they'll have to let Otting do all the dirty work. He'll stop the sweep sometime before the draw.
You're right.
We know Calabria was fully read into the plan before he got offered, and was told for purposes of getting confirmed to forget about any conversations and to remove himself until confirmed.
Otting had loose lips and didn't follow his instructions and said way more than he should have.
Calabria did a good job of cleaning up today.
IMHO
You're exactly right!!
Lol, Good one Rick. I'm going to turn in early tonight so I can get up early. Tomorrow, I have to keep one eye on the hearing, and one eye on the stock price, and my other eye on IHUB.
I'm going to fix my lucky breakfast tomorrow morning, that I've been having quite often during this run up, and that is a Livermush and egg sandwich. Many who read this won't know what that is.
It's mostly a breakfast meat that's made in the South and there is a local meat market here that makes some of the best I've ever eaten.
Eating this for breakfast helps to activate my third eye.
Same here. If it doesn't happen tomorrow, we know it's coming...
A lot is happening behind the scenes right now. This hearing wasn't even scheduled until the last minute. Then they up and schedule on the same day as the earnings report.
Shifting around of the earning report dates and then they both end up on the same day?
Then there is this, that came out on Bill Maloni's blog about Jim Parrott lobbying for a Jumpstart bill. I sure hope he didn't talk them into trying to sneak it through in this wall/budget bill.
From Bill Maloni Blog:
Yes it would.
President Trump is looking for landmines in this new bill for wall funding.
Better watch out sir. They might try to slide a new Jumpstart or something similar to it.
The word on the street is a "fellow traveler" was on the hill lobbying for that last week.
Would you notice the difference between say.
Water and Ice cold refreshing Coca-Cola?
It is very unusual. It makes me think an announcement of some sort will be made.
Or a change in the language.
Hypothetically:
Fannie and Freddie will retain all their earnings going forward as part of the recapitalization process.
Tucker Carlson did a segment with Josh Rosner about 2 years ago.
Agree. Gonna be Yuge. BIG LEAGUE!!
Clark you really are a realist. I used to think you were a trader or short. But you were just keepin it real.
It's fixin to get "REAL" good for us.
Doubtful. But worth a try
They have migrated over here, because the preferred board is down. Yes it is down because of inactivity.
The thing rusted and is now locked up.
Please send WD-40.
Realtor plan is another for the scrap-heap
I don't think they have the whole plan in place, but I do believe they will stop the NWS and take other steps to allow for the rebuilding of capital.
Let's give a little more time and see what the next move is.
How did he lie? What promise did he break? Are you short?
Some may have forgotten, but one investor in GSE common is activist investor Carl Icahn. Earlier in the decade Icahn bought roughly $50 million in Fannie/Freddie equities. To Icahn, that’s chump change…
FNMAS-The lights are ON....But they're not Home.Lol
I just went over to the preferred board to see if they're saying the same thing Ruud, KT and CC are saying.
They're not saying anything....
They have Abandoned Ship!!!!
Signed
Excellent post! Agree fully.
Congrats to you SLJB. The birth of my daughters was the happiest days of my life. I pray that you and your wife will enjoy this blessing and be rewarded with many more.
I hope your FNMA investment will grow and provide you with wealth and prosperity for your family for many years to come.
Thanks for sharing this. My target is "New Paradigm".
Ruud you had 53 posts yesterday. You're like the dreaded facebook poster who shares everything they see.
Ease up a little. Let us see what others have to say. We all might learn something.
Yep, Hopefully Otting will announce the administrative plan in the next couple of weeks. Stopping the sweep.
Some are still posting on here thinking the Crapo thing was the plan. Nope!
The "Crap o" will wind up on the scrapheap with the rest of the MBA plans.
Yes. He said back when we were around a dollar, that he thinks it would be fun to come on here and make a victory lap after we are diluted to oblivion.
On another occasion he said he didn't care if the companies survived as long as he got his money.
What kind of person takes joy in saying things like this...
Lol, it was a tough decision there for about a nanosecond.
I am a lil slow.
Feeding time is over. Get back in your cage tr***.
I'm saving the rest of my posts for the celebration this evening.
I don't listen to them either. I listen to Otting, Mnuchin and Trump.
Oh no. Tough decision coming up......
Tim Howard or Ruud... Tim Howard or Ruud... Ruud or Tim Howard???
Sorry I have chosen Tim Howard.
Tim Howard says Big Nothingburger
jtimothyhoward
February 1, 2019 at 10:45 am
This is a hybrid of the MBA’s and the Milken Institute’s plans, with all of the major elements the large banks have been asking for: multiple credit guarantors (including a privatized Fannie and Freddie), an explicit government guaranty on the securities backed by these private guarantors, which would be issued by Ginnie Mae, and the guarantors’ affordable housing goals replaced by a “Market Access Fund,” funded by a 10 basis point fee on loans financed in the secondary market (which allows banks to charge this fee to all homebuyers, but pocket it if they keep the loans in portfolio).
The banks couldn’t get their secondary market “reform” legislation through the last Congress, and there are much higher hurdles to getting the Crapo plan passed in the current one.
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This about sums it up. See Tim Howard's take.... Period end of discussion.
ruleoflawguy
February 1, 2019 at 10:07 am
Tim
Sen Crapo, chairman of Senate Banking Committee, released his housing finance reform plan this morning: https://www.banking.senate.gov/imo/media/doc/Housing%20Reform%20Outline.pdf
rolg
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jtimothyhoward?
February 1, 2019 at 10:45 am
This is a hybrid of the MBA’s and the Milken Institute’s plans, with all of the major elements the large banks have been asking for: multiple credit guarantors (including a privatized Fannie and Freddie), an explicit government guaranty on the securities backed by these private guarantors, which would be issued by Ginnie Mae, and the guarantors’ affordable housing goals replaced by a “Market Access Fund,” funded by a 10 basis point fee on loans financed in the secondary market (which allows banks to charge this fee to all homebuyers, but pocket it if they keep the loans in portfolio).
The banks couldn’t get their secondary market “reform” legislation through the last Congress, and there are much higher hurdles to getting the Crapo plan passed in the current one.
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That's right. Our plan will come from FHFA (Otting). As he said it has been signed off on by all the players he mentioned including the White House.
He didn't say any thing about Crapo....
Crapo is not all of a sudden on our side. Crapo is on Crapo's side. Crapo is on the side of the ones who stuff his pockets... "The Banks"
The banks are desperate. With the article by David Stevens and now this. You do realize they also have paid posters on this board also.
We're gettin close. Life is good!
Yes. It was a smart move and now we have Otting.